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Oaktree Capital Pledges $600 Million Investment to Fuel Natural Gas Dealmaking Oaktree Capital committed to invest an additional $600 million in future mutually agreed upon opportunities to support BKV Corp.’s strategy to consolidate U.S. natural gas assets. Hart Energy Staff Your browser does not support the audio element. Oaktree Capital Management LP recently formed a strategic partnership with BKV Corp. to support the company’s strategy of acquiring natural gas assets, which the global investment firm sees as an “increasingly important fuel source” due to the growing s...

Share: DENVER, Dec. 16, 2020 (GLOBE NEWSWIRE) -- BKV Corporation ("BKV") announced today that funds managed by Oaktree Capital Management L.P. ("Oaktree") has invested $100 million in preferred equity in BKV towards BKV's notable deal with Devon Energy Corporation (NYSE:DVN) ("Devon") acquiring Devon's assets in the Barnett Shale. Through this strategic partnership, Oaktree has committed to invest an additional $600 million in future mutually agreed upon opportunities in natural gas. BKV's technology-driven approach to the natural gas market and strong leadership has enabled it to become on...